Providence Resources Share Discussion Threads

[aimbagger] 20/7/2020 14:49

My favourite slide... Value differential x80, just a little upside then :P

[hermana3] 20/7/2020 14:44

Sure makes for pleasant reading. Now all we need is a little patience for 2021, 3 well program at Barryroe.

[aimbagger] 20/7/2020 14:39

Nice one steel, good to see the slides.

[thevoid] 20/7/2020 14:37

Thanks steel - I'll check that out later.

[hermana3] 20/7/2020 14:20

Thanks,Steel. I see Kish Basin has not been relinquished. Hard to see this one progressing anytime soon.

[steelwatch] 20/7/2020 14:10

If anyone missed the AGM webcast, a recording is available now from the Audience Event Link above and the presentation pdf file can be downloaded here:

[hermana3] 20/7/2020 13:42

AIM, Could start tomorrow wont be will start tomorrow of course. Way undervalued nobrainer here...

[aimbagger] 20/7/2020 13:36

100% riley, market slow to cotton on here...

[riley9] 20/7/2020 13:35

So to summarise, the person who knows more about the company, assets, abd negotiations, who also happens to be a highly respected industry expert, says drilling could start tomorrow, and the company is worth 80x the current share price So well in excess of £3.00 a share. If there was ever a 'fill yer boots' shout from the person who knows, that was it...

[roadster750] 20/7/2020 13:00

He said all surveys been done.on two sites.
If memory serves he said one barryroe site awaiting survey sign off other sites drill ready and if rig there it could drill now.
AGM is available for playback 18m50second in.
Licence StatusBarryroe, North Celtic Sea (SEL1/11)
Lease Undertaking application submitted
2 Drilling Site Surveys complete
1 Planning Application in progress

[hermana3] 20/7/2020 12:56

Yes but never quick to announce owt on E&P sector.

[roadster750] 20/7/2020 12:55

Alan said they could drill tomorrow on the other barryroe sites as all permissions granted.

[aimbagger] 20/7/2020 12:53

Should be a formality

[steelwatch] 20/7/2020 12:51

AIm - Ministerial decision still outstanding before they can move forward with the K site survey. Should be imminent, but...

[hermana3] 20/7/2020 12:49

AIM, Market believes this too and it is rarely wrong. This team knows the sector and has serious credibility too.

[aimbagger] 20/7/2020 12:46

No probs herm, think we're in safe hands this time round, this will be massive.

[hermana3] 20/7/2020 12:40

Wow must place an order for that Lamborghini,AIM. Many thanks for your concise summary of today's event.

[aimbagger] 20/7/2020 12:39

No mention of site survey as yet. Two wells approved with a further application for a third.

[aimbagger] 20/7/2020 12:38

No probs guys. Value differential x80!

[thevoid] 20/7/2020 12:34

AIM - thanks for the summary.

[hermana3] 20/7/2020 12:33

AIM, Any mention of when Site Survey is due to commence at Barryroe?

[roadster750] 20/7/2020 12:33

Aim Did he say it was 80x undervalued!

[aimbagger] 20/7/2020 12:31

PVR AGM notes:Alan Linn believes the company is significantly undervaluedThe company is funded until Q1-Q2 '21Barryroe to be a hub, further exploration upside and in the deeper prospects and surrounding fields to add to production in timeThe well test flowed at c4000bopd1 well could produce 12-15k bopd!1.8Bboe potential, not inc JurassicIn discussions with the consortium about an EWT but also potentially a more aggressive programme...!Similar environment to conventional NSOnly thing holding up releasing partners is ip rights, logos etc which should be sorted very soonPartner names to be released very shortlySignificant re-rating potential following farm out and development progress